Bitcoin Machines in New York

According to MarketWatch, Flat 128 in West Village has a machine for customers to purchase Bitcoins - digital currency. The machine is currently cash-in, and the cash-out function is still being planned. The delay may be due to Bitcoin regulations suggested by Benjamin Lawsky, superintendent of financial services for the state. The unit at Flat 128 is the first on…

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Japanese Bitcoin Exchange Collapse

Following the first creditors meeting of Mt. Gox - failed Japanese Bitcoin exchange - more than 100 investors still have unanswered questions about the loss of Bitcoins valued at US$500 million. Mt. Gox CEO Mark Karpeles was quizzed by investors about the loss of digital currency. Investors are angry about the lack of transparency and unwillingness of the company to…

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BitFury Suggests Creating More Bitcoins Would Not Effect Value

Bitfury is the world’s largest bitcoin “mining” company, and George Kikvadze is a board member and advisor of BitFury. Kikvadze asserted during an interview on CNBC’s “Squawk Box” that creating more bitcoins would not harm the value of bitcoins. He compared it to when the government simply prints more money. There are currently 12.6 million bitcoins in circulation. However, the…

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